Why is Bitcoin pumping? 🤔

Bitcoin's on an upswing and crossed the $29,000 mark today! So why the sudden pump, and trading volume spike of 59%?

Markets reacted to excitement over the BlackRock application for spot Bitcoin ETFs and the launch of crypto exchange EDX which is backed by Fidelity, Charles Schwab and Citadel.

Also, TradFi giant Deutsche Bank applied for a digital assets exchange.

BlackRock's move is especially significant as the world's largest asset manager with around $10trillion under management. WisdomTree and Invesco have also filed Bitcoin ETF applications recently. The soros foundation CEO thinks recession is inevitable, and crypto is here to stay.

Adding to this bullish wave, Nasdaq is planning a Bitcoin custody service by Q3 2023, signaling growing mainstream acceptance.

So, will BTC keep pumping? Follow the defiant for more.

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